Hotels are making a killing. Occupancy rates are exceeding pre-recession highs, and are expected to reach record levels in 2016. But the little-known trade association representing this robust $163 billion dollar industry is a major force fighting behind the scenes on Capitol Hill and in statehouses and courtrooms across the country to keep workers wages low.
Emerson first revealed that it ended its association in discussions with Walden Asset Management, which has engaged the corporation over its affiliation with ALEC. An Emerson spokesperson confirmed this to CMD, but refused to provide further details about the reason for its decision or precisely when the relationship ended.
If ALEC were an honest broker, it would recommend market-based solutions, like the Republican-inspired, acid rain cap-and-trade program championed by President George H.W. Bush. But that's not likely going to happen, because doing so would alienate its fossil fuel industry and trade association members.
The new liberal counterpart will be named the State Innovation Exchange, or "SiX." Creative capitalization seems to be their first innovation. But I shouldn't get snarky about their branding, because the basic idea is a good one: counterbalance the impressive inroads Republicans have made in state legislatures.